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Press ReleaseHammerstone Institutional Forum Hits 100-Investor MilestoneNEW YORK, Feb. 9, 2005 -- Just a year after its official launch, the Hammerstone Institutional Forum (HIF, http://www.thehammerstone.com/hs_hif.html), a private system allowing institutional investors to share news, proprietary technical levels of the market, ideas and commentary on a real-time basis, has hit the 100th institutional subscriber mark."It's a great day for us here," stated Jamie Lissette, founder of The Hammerstone Group and moderator of the HIF. "In one year we have made this forum an integral part of over 100 institutional investors' information flow and have continued to provide up-to-the-minute news and index alerts for our dedicated client base." When The Hammerstone Group launched the HIF a year ago, the forum consisted of news and investment alerts broadcast on a popular instant messenger program. The group quickly outgrew that format and migrated to its current platform, Communicator Inc.'s Hub Connex(SM) business connectivity suite. Today the HIF sits active on each subscriber's desktop, allowing members to immediately and securely notify the rest of the forum whenever they receive upgrade or downgrade information, explain individual stock movements they notice throughout the day, and answer each other's questions. Lissette filters and broadcasts consolidated versions of information he receives from news feeds and from the investment community. Via the forum, Lissette also broadcasts The Hammerstone Group's proprietary technical levels of the market indexes to the members, which have developed their own following as well. "The most valuable function of the forum is the ability for the trader to see what is really happening in the market, without all the noise," explained Lissette. "Rarely does the market or an individual stock make a big move without me or someone in the forum alerting the other members of the move, usually followed by an explanation. We are almost always as fast as, and definitely smarter than, the news wires, especially CNBC." In the beginning, Lissette expected the HIF to eventually have 100 members, but the forum quickly grew beyond his firm's initial projections. That's mainly due to word-of-mouth among traders, said Lissette. And therein lies part of the HIF's strength - the high quality of its members. All subscribers are pre-qualified by Lissette and pay a monthly fee. This is no chat for day traders; rather, it is a group of successful institutional investors, each identified by his or her full name and firm. Though the HIF continues to grow, it remains a close, supportive group, said Lissette. "The great thing about the HIF is that everybody gets to know each other and really do their best to help each other out," he said. "I don't expect that to change, no matter how many subscribers we add." CONTACT: Jamie Lissette The Hammerstone Group, Inc. 212-808-3490 info@thehammerstone.com http://www.thehammerstone.com |
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